Monero (XMR) Market Cap Achieves $3.13 Billion

Monero (XMR) traded 0.7% lower against the dollar during the 24 hour period ending at 12:00 PM ET on September 16th. In the last seven days, Monero has traded down 0.7% against the dollar. Monero has a market cap of $3.13 billion and approximately $56.55 million worth of Monero was traded on exchanges in the last day. One Monero coin can now be purchased for $169.88 or 0.00293969 BTC on major exchanges.

Here’s how similar cryptocurrencies have performed in the last day:

• Bitcoin (BTC) traded 3.8% lower against the dollar and now trades at $57,788.96 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 6% lower against the dollar and now trades at $0.0994 or 0.00000172 BTC.
• Bitcoin Cash (BCH) traded 2.8% lower against the dollar and now trades at $312.87 or 0.00541395 BTC.
• UNUS SED LEO (LEO) traded down 3% against the dollar and now trades at $5.70 or 0.00009866 BTC.
• Litecoin (LTC) traded 2.5% lower against the dollar and now trades at $62.71 or 0.00108509 BTC.
• Ethereum Classic (ETC) traded down 3.1% against the dollar and now trades at $17.65 or 0.00030546 BTC.
• Arweave (AR) traded down 4.4% against the dollar and now trades at $18.87 or 0.00032656 BTC.
• Bitcoin SV (BSV) traded 4.3% lower against the dollar and now trades at $46.09 or 0.00079760 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Nervos Network (CKB) traded down 4.8% against the dollar and now trades at $0.0155 or 0.00000027 BTC.

Monero Profile

XMR is a proof-of-work (PoW) coin that uses the RandomX hashing algorithm. It launched on April 18th, 2014. Monero’s total supply is 18,446,744 coins. The official message board for Monero is forum.getmonero.org. The Reddit community for Monero is https://reddit.com/r/monero and the currency’s Github account can be viewed here. The official website for Monero is www.getmonero.org. Monero’s official Twitter account is @monero and its Facebook page is accessible here.

According to CryptoCompare, “Monero (XMR) is a decentralized cryptocurrency created in April 2014 by a group of developers led by the pseudonymous developer “thankful_for_today”. It utilizes a combination of ring signatures, ring confidential transactions and stealth addresses to protect sender and receiver privacy, and employs a proof-of-work consensus algorithm to ensure the security of the network. XMR is used as a medium of exchange between individuals and organizations, allowing for fast and secure money transfers over the internet, and can be exchanged for other cryptocurrencies and fiat currencies. It is listed on a variety of cryptocurrency exchanges and is accepted by many merchants and services.”

Buying and Selling Monero

It is usually not possible to purchase alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to acquire Monero should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Gemini or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Monero using one of the exchanges listed above.

XMR/USD price chart by TradingView